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Weekend Journal Monday 5/29/2017

Posted on Monday May 29, 2017

This Week’s Price Action

 

Weekly Summary:

 

  • Range breaks to the upside (needs follow through)
  • 3 bullish patterns to trade to. 1 is on the hourly and the other two larger daily or weekly.

This week’s video

 


SPX –
Big picture remains bullish with 2 larger upside targets to trade to.

 

 

 

 

The Bottom Line:
The market continues to be bullish as we broke and closed above the 3 month trading range last week. We are now focused on 3 bullish upside targets.
1) 2424 (hourly cup/handle target)
2) 2459 2015-2016 range breakout target
3) 2479 March – May range breakout target

See the video for some bullish actionable setups.

 

 

All of the charts and commentary below are provided as information only and do not constitute a trade recommendation nor investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise

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